March 23,H&H International Holdings Group releases 2019 results.
In 2019, H&H group's revenue increased 7.8 percent from 2018 to 10.93 billion yuan (RMB), and its net profit increased 19.2 percent to 1.005 billion yuan. Among them, infant nutrition and Care products (BNC) contributed 63.5% of the revenue, and adult nutrition and Care Products (ANC) contributed 36.5% of the revenue, both achieving significant double-digit growth.
Swisse China market contributed 47.7% of ANC, up 29.7%. China market has surpassed Australia and New Zealand to become the largest ANC market. The overseas market outside China and New Zealand accounted for 7.4% of the total adult nutrition and care products revenue.
According to Earlydata, Swisse has a 5.7 percent market share for online vitamin herbal and mineral supplements in China as of 2019.
Swisse continues to lead the Australian VHMS(Vitamin Herbal and mineral supplements market) with a 15.6% share as of 2019, according to independent market research firm IRI.
H&H said the growth in the Chinese market is due to a variety of reasons, including continuous and effective consumer education, successful brand and product strategies on e-commerce platforms, and the signing of spokes people for popular idols.
- White Paper on Bone and Joint Health of Chinese Consumers 2020
- Yili Dairy launched high-protein yogurt, focusing on sport people
- Sinopharm Xingsha launched the Japan's Champion probiotics
- China has introduced its first policy to support the industrial hemp industry
- Beyond Meat became the first overseas Artificial Meat company to set up a factory in China
- Nongfu Spring's market value exceeded HK $370 billion on its first day
- German infant nutrition brand Amykon launched two probiotics in China
- The revenue of Besunyoung in the first half year is about 610 million yuan
- Jellly candy and powder included in the health food filing dosage form in China
- H&H Group net profit increased by 9% for the first half of year
